49 in 2023. The ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. Looks like much of my newly found CD dividends are not only in the 24% tax bracket but, also, might take me into another IRMAA bracket. 50% of eligible Medicare beneficiaries will be in IRMAA. 15 and continues through Dec. 8 Billion in 2022 and Continues to. 2024 Medicare Parts A & B Premiums and Deductibles. Calendar Year 2024 Participation in the Medicare Advantage Value-Based Insurance Design Model: Innovating to Meet Person-Centered Needs. Hans Scheil November 14, 2023 Sign Up For Our Newsletter To Receive Weekly Updates. Depending on your yearly income, you may have an additional IRMAA surcharge. Your IRMAA is based on the modified adjusted gross income stated on your tax form. Likewise, Medicare Part B . That’s why I’m looking for sensible predictions, not the actual brackets. 80 from $164. The agency has boosted the income thresholds for each bracket, applying to tax year 2024 for. Individuals $123,001-$153,000 or. [RELATED: 2023 Medicare Part B Rates Announced] IRMAA brackets are different from tax brackets. Learn about brackets, surcharges, appeals, Medicare costs and IRMAA is based on your modified adjusted gross income. Oct 12, 2023. 2024 Medicare Parts A & B Premiums and Deductibles. $19,250 of the qualified dividends and long-term capital gains ($89,250 – $70,000) is taxed at 0%. 2024 Medicare Parts A & B Premiums and Deductibles. 70 for 2024, an increase of $9. DW is 63 in 2023, so your 1040 for this year will be used to set her IRMAA (& yours) for 2025. Learn about brackets, surcharges, appeals, Medicare costs and IRMAA is based on your modified adjusted gross income. The 2022 rates topped 2021 figures by 14. com / [email protected] 2025, 2026 and 2027 Tax Brackets are for future Tax Years and the final tax rate values will be posted here once they have been officially released. Income Tax Brackets for 2024 Are Set;. For married individuals filing joint returns and surviving spouses: The married filed jointly estimated numbers below were updated on September 14. 70, increasing by about $9 from the previous year. What will IRMAA be for 2024? The specific IRMAA amounts for 2024 have not been released yet. It says the "projected" 1st IRMAA tier in 2025 for a MCFJ in 2023 will be 212k, if inflation is 3% for this year. The tax year 2024 adjustments described below generally apply to income tax returns filed in 2025. 10), which led to higher premiums for higher-income beneficiaries. 70/month in 2024. 2023 IRMAA brackets. The annual deductible for all Medicare Part B beneficiaries is $203 in 2021, an increase of $5 from. Note: The income levels used by Medicare to determine the 2024 rate will be from 2022 tax returns, unless a lower amount is requested in connection with a life-changing event . CBO estimates that the second alternative—freezing the income thresholds for IRPs—would reduce the deficit by $57 billion between 2024 and 2032 and increase the share of enrollees who pay an IRP from 9 percent to almost 10 percent in 2024 and from 12 percent to 17 percent in 2032. Medicare Part B Premium and DeductibleIncome Tax Brackets for 2024 Are Set. 90 in 2023. 10. Each year, the Medicare Part B premium, deductible, and coinsurance rates are determined according to provisions of the Social Security Act. Sep 26, 2023. Consider alternative retirement savings. I thought Medicare announced the next year’s IRMAA brackets in November or December. 5%. The annual deductible for all Medicare Part B beneficiaries will be $240 in. Half B Premium 2023 Protection (2021 Revenue) 2024 Protection (2022 Revenue) Customary: Single: <= $97,0002024 Medicare Parts A & B Premiums and Deductibles. 60. The standard monthly premium for Medicare Part B enrollees will be $174. Part B & Part D IRMAA income brackets & surcharge amounts 2024. Depending on which IRMAA Threshold you reach and what your Social Security benefit may be there is a good chance that your. Calendar Year 2024 Participation in the Medicare Advantage Value-Based Insurance. The IRMAA also affects your Part D premiums. The annual deductible for all Medicare Part B beneficiaries will be $240 in 2024, an increase of. 80 from $164. I additionally challenge the Social Safety COLA and the tax brackets for subsequent 12 months. In 2024, IRMAA charges will apply to individuals with more than $103,000 and married couples with more than $206,000 in modified adjusted gross income on their 2022 federal tax returns. Then 2023 for 2025; 2024 for 2026; and so on. 00%. $103k is almost certainly going to be the actual number for 2024 (based on 2022 income) for a single. 2024 Medicare IRMAA (Income-Related Monthly Adjustment Amount) amounts are increased premiums higher income earners. The IRS also announced changes to the tax brackets that. What income is IRMAA based upon? How is IRMAA chosen? The 2022 IRMAA Brackets (Quick Review) Whatever are the 2023 IRMAA Brackets. Subscribe Today Introduction: Welcome to our latest Cardinal lesson where we dive deep into the newly released 2024 IRMAA (Income-Related Monthly Adjustment Amount) numbers. Meanwhile, the average. The ranges on income tax brackets increased by approximately 5. The Bipartisan Budget Act of 2018 calls for these brackets to remain constant until 2028 at which point, they will adjust annually. MenuThe Income-Related Monthly Adjustment Amount sliding scale is a set of statutory percentage-based tables. the 2022 IRMAA thresholds aren't published until Nov/Dec 2021, long after our 2020 MAGI is cast in stone. Each year, the Medicare Part B premium, deductible, and coinsurance rates are determined according to provisions of the Social Security Act. 2nd Surcharge Bracket: 6:42%. Someone asked, how exactly does one limit one's income in 2022 to avoid a cliff for 2024 that does not release until the end of 2023? Is it safe, and advisable, to just use the 2023 threshold? Surely 2024 will be the same or higher, right? Have the. Standard monthly premiums are slated to rise by $9. POMS: HI 01101. Has Social Security announced what MAGI amounts will be used in calculating 2024 Medicare premiums?. With inflation rates being the highest in several decades, the Internal Revenue Service (IRS) announced inflation adjustments for tax year 2023. At this point, 2024 COLA estimates are generally coming in. 4% Adjustments for key numbers for income, gift and estate taxes give taxpayers some planning opportunities By Ashlea Ebeling, The Wall Street Journal, Nov. Individuals in the lowest IRMAA tier will save $62. 6 Strategies for Avoiding IRMAA Issues. It is the most accurate current projection of what people will pay in 2024 for Part D premiums, CMS said. The changes are meant to. Medicare Part B Premiums Decline in 2023 | Sports105. Since 2020, the Income-Related Monthly Adjustment Amount (IRMAA) income brackets are inflation adjusted. Since we will blend CY 2024 risk scores using 67% of the risk scores under the current risk adjustment model and 33% of the risk scores under the finalized 2024 risk adjustment model, the bottom line table reflects the blend of the MA risk score trends under the two models, yielding a 4. 0 Act. 50 in 2024. 49 in 2023 to. The IRMAA income brackets for 2023 start at $97,000 ($103,000 in 2024) for a single person and $194,000 ($206,000 in 2024) for a married couple. We live in a world where taxable income is more important than gross income because it dictates our income tax. In 2024, the first $11,600 of taxable income will fall into the 10% tax bracket, which means $600 of additional income will be taxed at 10%, instead of 12% in the current tax year. If they complete a Roth conversion of $256,550 to max the 24% bracket, they would save $15,651 in federal taxes by performing the conversion in the next three years instead of waiting until after 2025. Under § 156. 50 a month in 2021. The 2022 IRMAA tiers determine the Medicare premiums to be paid in 2022, not in 2024. It ranges from $58. The annual deductible for all Medicare Part B beneficiaries will be $240 in. The tax rates will remain 10%, 12%, 22%. And for tax years after 2019, the bracket for the year, e,g, 2019+n is set by multiplying $85,000 by. Most taxpayers. Before sharing sensitive information, make sure you’re on a federal government site. IRMAA surcharges for Part B are. CMS has proposed reducing the 2024. The premium and related amounts announced in this notice are effective January 1, 2023. Below are some highlights for 2024. The IRMAA tiers for Medicare Part B determine the amount of the surcharge based on income levels and tax filing statuses. 20 in repayment as part of the income-related monthly adjustment amount (IRMAA) premium dollars, which reduce (dollar for dollar) the amount of general revenue received. 70 to $347. Currently their first single bracket estimates for 2023 are $95,000 and $96,000. What is IRMAA used Medicare. Likewise, Medicare Part B IRMAA paid by higher-earning Medicare beneficiaries would decrease slightly. 00% from 2023 and begin at $103,000 for an individual. The IRS on Thursday announced higher federal income tax brackets and standard deductions for 2024. 70 in 2024,. 3rd Surcharge Bracket: 7. 60, and an annual total of. The income brackets that trigger IRMAA surcharges increased from $86,000 for single taxpayers and $176,000 for married couples in effect in 2021. The IRMAA income brackets for 2023 start at $97,000 for a single filer and $194,000 for a married couple. The August 2019 average (254. 50 per month. The 2023 income threshold for Medicare IRMAA is $97,000 for beneficiaries filing. 7. 90 a month. 43% from last year. 2024 Arizona Part D Plans; 2024 Alaska Part D Plans; 2024 Alabama Part D Plans; 2024 Medicare Costs; P: (877) 410-9594. IRMAA is simply a tax on those who earn too much income. I’m also sharing:What IRMAA isHow IRMAA is calculatedThe 10 best ways to avoid IRMAAIf you want to lower your Medicare premiums this year and learn how to reduce IRMAA, you. 10 in 2022. 4th. The site is secure. The Centers for Medicare Services is announcing the 2024 IRMAA Thresholds now that the August CPI-U is official. 90 in 2023. Ordinarily, the following year is expected to be a little higher, but if you are wanting something sort of rock solid safe, I think $103k is a good limit for 2023 income (for use in avoiding IRMAA in 2025). 44% overall trend. 90 in 2023. If you go over the IRMAA cliff in 2022 (for 2024 premiums), you pay the IRMAA for 2024 only. 90 in 2023 to $174. 3. The $182,000 you quoted is from the MFJ 2022 brackets and is not correct. “I have yet to see these thresholds drop,” says Diane Omdahl, president of 65 Incorporated, a Medicare advisory service. These rates also increased for 2024, and the rate brackets have been updated: Those with income from $103,001 to $129,000 on an individual return or from $206,001 to $258,000 on a joint return will pay $244. 10% – $0 to $23,200 12% – Over $23,200 to $94,300 22% – Over $94,300 to $201,050 24% – Over $201,050 to $383,900How Is the Medicare Part D Benefit Changing in 2024? In 2024, costs in the catastrophic phase will change: the 5% coinsurance requirement for Part D enrollees will be eliminated and Part D plans. Schulte expects the 2024 IRMAA income thresholds to be $101,000 for singles and $202,000 for married couples. 90 in 2023. Ryan Kennelly 1 month ago Updated Follow Medicare Plan Quotes What are the 2024 IRMAA Brackets? Nothing is official yet, but by law the IRMAA Brackets adjust. Calendar Year 2024 Participation in the Medicare Advantage Value-Based Insurance Design Model: Innovating to Meet Person-Centered Needs. 2024 Annual Cost-Sharing Limits. The standard monthly premium for Medicare Part B enrollees will be $174. Also, detailed information on the Medicare Part D program for every state, including selected Medicare Part D plan features and costs organized by State. 30. The annual deductible for all Medicare Part B beneficiaries will be $240. 50. The surcharge in 2024 will be based on income reflected in 2022. or $7. Explore 401k contribution limits for 2024, Roth IRA rules, and more. Therefore, Medicare Part B prices will increase in 2024. 90 in 2023. For married couples filing jointly, the standard deduction increases to $29,200 in 2024, up from $27,700 in 2023. Within the 1 st IRMAA income threshold, the surcharge will only increase by about 5. Doing so can help keep you in a lower IRMAA bracket in subsequent years,. 70 for 2024, an increase of $9. Instead, they should request an IRMAA reduction for 2024 as their expected AGI would place them in a lower IRMAA category, which reduces the Part B premium to $314. . com1. 5%,. For married individuals filing joint returns and surviving spouses: If taxable income is under $22,000; the tax is 10% of taxable income. The. The revenue to your 2021 IRS tax go back (filed in 2022) determines the IRMAA you pay in 2023. The MAGI used to determine if the income-related monthly adjustment amount (IRMAA) applies is the most recent tax information that IRS is able to. A married couple. The SSA provides a chart to show you what you can expect in. The standard monthly premium for Medicare Part B enrollees will be $174. gov means it’s official. 70 for 2024, an increase of $9. The first step for MFJ is not bad, but the following steps are much larger hits, and the thresholds for someone who is single are much lower. 8% in 2024, from $56. What Is the Medicare IRMAA for 2023 and 2024, and When Does It Apply? The income-related monthly adjustment amount, or IRMAA, is a fee you pay on top of your Medicare Part B and Part D. The top IRMAA bracket applies to married couples with adjusted gross. - The surviving spouse will also have a higher IRMAA bracket. However, some people may receive a bill for. 50 in 2019. 2024 and have been doing Roth Conversions annually in the. 70 per month in 2022 under CRS estimates, and $234. 90. Sep 13, 2023Hans Scheil November 14, 2023 Sign Up For Our Newsletter To Receive Weekly Updates. 50 in 2024. IRMAA brackets for 2024 premiums. The standard monthly Medicare Part B premiums in 2024 are $174. 49 in 2023 to $55. 50 each month (or $175/year) for your Part D premiums. ) Charitable Giving; 2. 8% in 2024, from $56. . 28, the 2024 Part D base beneficiary premium is $34. Keep an eye on CMS announcements and updates to stay informed about changes in premiums and income brackets. 00 plus 12% of the amount over $22,000. 2024 Social Security COLA. Stable premiums for Medicare Part D prescription drug coverage in 2024 are accompanied by improvements to the Part D. The IRMAA 2023 threshold for married couples is. 70 in 2024). 40, for a combined $1,610. The Part D surcharge uses the same income brackets as those used for Part B. 50. The Part D IRMAA brackets remain unchanged. We live in a world where taxable income is more important than gross income because it dictates our income tax bracket. Don’t assume nonqualified accounts should be used first in a liquidation order strategy. In early 2025, they’ll be filing their 2024 returns using the brackets that the IRS just announced. As under prior law, the tax brackets are indexed for inflation but using a different inflation index (see below). (The IRS has also released tax bracket changes for 2024. Location: Arlington Heights. IRMAA Case Studies; Aforementioned 10 Best Types to Avoid (or Reduce) IRMAA. 90 in 2023. 30. IRMAA rates for 2022. (The 2023 limits were announced on October 21, 2022. Effective Date: 01/01/2023 Document Type: Notice Document Citation:. 80 from $164. About 7% of Medicare beneficiaries pay IRMAA. The five IRMAA brackets, which are adjusted annually for inflation, usually are announced in late September. When will Medicare Part B premiums for 2024 be announced? At the time of the Trustees Report the 2024 brackets for IRMAA Planning will be: The standard monthly premium for Medicare Part B enrollees will be $174. Key Takeaway: Understanding the 2024 IRMAA Brackets: The amount you’ll pay for your Medicare premiums in 2024 hinges on your Modified Adjusted Gross Income. The 2024 IRMAA Brackets. In this article, you'll learn as IRMAA is, wie it's charges, and tips on avoiding this pestering surcharge. 40 a month in 2024. CMS projects the average monthly premium for MA plans will increase by 64 cents to $18. For instance, people who made $105,000 in 2022 will pay $244. Each year, the Medicare Part B premium, deductible, and coinsurance rates are determined according to provisions of the Social Security Act. Married Filing Separately. Your premium is based on gross income (MAGI). 80 from $164. More info at the link provided for the other cost like IRMAA, Part B. The IRMAA Brackets in 2019 were: As it can been seen since 2007 the IRMAA surcharges have grown over time and in some ways they have grown substantially. Mar 31, 2023 Medicare Part D Inflation Reduction Act Share Today, the Centers for Medicare & Medicaid Services (CMS) released the Announcement of Calendar Year. Navigate retirement planning with our expert financial guide!. 80 from $164. This means that the income thresholds for each bracket will remain at the same level as in 2021. 80 per month to $174. IRMAA applicability and amounts are recalculated annually. If you are unsure why you are paying an IRMAA, you can call the Social Security hotline at 800-772-1213. our chart below illustrates the total premium owed for your 2024 Medicare Part B expenses within each income bracket. The standard Part B premium for most people in 2023 is $164. Here are the 2024 IRMAA amounts for married taxpayers that file separately: Part B Coverage. The costs will go up from the current $164. For 2024, if your income is greater than $103,000 and less than $397,000 the IRMAA amount is $384. 90 in 2023. ). 2024 IRMAA Brackets. We live in a world where taxable income is more important than gross income because it dictates our income tax bracket. Use this Effective Tax Bracket Calculator to estimate your Taxes and rates by Tax Year. . In 2023, the decrease in Part D IRMAA will range from $0. At the time of this report the average annual rate of inflation was higher by 5. Single: >= $500,000. On October 12, 2023, the Centers for Medicare & Medicaid Services (CMS) released the 2024 premiums, deductibles, and coinsurance amounts for the Medicare Part A and Part B programs, and the 2024 Medicare Part D income-related monthly adjustment amounts. 0. 8 Billion in 2022 and Continues to. Seniors who enroll in a. In 2024, if your income is more than $103,000 per year, you’ll pay an IRMAA of $12. . That beneficiary bracket would pay $157. Greater than or equal to $750,000. 30. - The RMDs will force higher IRMAA premiums for them as a couple. 12. 4 x standard = between $204K and $256k Assuming 5% inflation from Nov 2022 to Aug 2023 standard = up to $208K 1. 10 in 2022. How to Use Medicare IRMAA Life-Changing Event Form SSA-44 To Save Money. 65%. Medicare Shared Savings Program Saves Medicare More Than $1. And the last data point listed in the Financial Buff is the 2023 income. Doing so can help keep you in a lower IRMAA bracket in subsequent years, notes. 90 each month on top of the cost of your Part D premium. Finally, for heads of households, the standard deduction will jump up $1,100 for tax year 2024 to $21,900. 90 to $174. But the income brackets began to be adjusted for inflation as of 2020. Here’s how it works. Oct 12, 2023. Standard monthly premium: $164. The Centers for Medicare & Medicaid Services (CMS) has released its Advance Notice of Methodological Changes for Calendar Year (CY) 2024 for Medicare Advantage (MA) Capitation Rates and Part C and Part D Payment Policies that would update program policies for Medicare Advantage and Medicare Part D beginning in. Here are the Part B IRMAA premiums for 2024 (based on 2022 income tax returns; the . 2024 Medicare Parts A & B Premiums and Deductibles. My situation is as follows: I will be 65 in AUG. The issue, though, is that your Social Security benefit pays for these IRMAA surcharges automatically. Each year, the Medicare Part B premium, deductible, and coinsurance rates are determined according to provisions of the Social Security Act. medicare irmaa 2023 brackets. 30. Similarly, MAGI in 2022 and IRMAA 2024 tiers (published in November 2023) will determine Medicare premiums to be paid in. But you will pay higher rates if you earned more than $103,000 on your individual 2022 tax return or more than $206,000 on a joint return. Most Medicare Part B users – those whose tax returns in 2019 were $88,000 or less for an individual tax return (or married but filing a separate return) or $176,000 for a joint return – are paying $148. 20 from. 80 from $164. 8% from $56. 80 from $164. 90 in 2023, a decrease of $5. IRMAA surcharges are also increasing 14. Which bracket you fall into depends on your taxable income with a few deductions, such as IRA contributions and interest from tax-free bonds, added back in. Medicare Part B (Medical Insurance) Costs. 50 in. The standard premium for Medicare Part B is $174. 20. "2024 IRMAA Brackets - 0% Inflation Assumption We have zero data point as of right now for what the 2024 IRMAA brackets will be. 80/month from $164. This is custom heading element. One set is based on the current trailing 12 months of CPI and the second assumes that year-to-date CPI (since September 30,. 2% over the Q3 average CPI-W in 2022, the 2024 Social Security COLA. So Medicare should announce the official 2023 IRMAA brackets in November or December 2022. 70 for 2024, an increase of $9. April 1, 2023. The Part D surcharge uses the same income brackets as those used for Part B. I'm interested in the 2025 brackets too, but I will use the official 2024 as my "safe harbor" since I'm not expecting deflation in. The standard monthly premium for Medicare Part B enrollees will be $174. Because we have a marginal income tax rate, if you are bumped into the next higher tax bracket, only your extra dollars of income over the limit are taxed at the higher. The Medicare Board of Trustees estimated the Medicare Part B premium for 2024 could be $174. 90 in 2023. IRMAA amounts go up from there at higher levels of income. 8 Billion in 2022 and Continues to. For 2024, both the IRMAA bracket thresholds and the Medicare Part B premiums increased. 60 in 2020. The 2024 IRMAA brackets depend on the monthly CPI-U (and so inflation) from. Finally, anyone with an income. See an overview and example on how tax brackets and rates are applied each tax year. CMS has also announced that the Part D national average monthly bid amount for 2024 is $64. Tax brackets. 9% increase. Unlike Part B, the Part D IRMAA brackets will remain the same in 2022. Still, you can make reasonable estimates and give yourself some margin to stay clear of the cutoff points. 90 a month in 2024 to the 5 th and largest Threshold that has a surcharge of possibly $419. 20 to $76. In March, the Medicare trustees estimated that the monthly Part B. If your income for 2022 was 204k (0% inflation) to 206k (5% inflation) you would get the IRMAA surcharge for 2024 if you are 65 in 2024. On September 27, 2022, the Centers for Medicare & Medicaid Services (CMS) released the 2023 premiums, deductibles, and coinsurance amounts for the Medicare Part A and Part B programs, and the 2023 Medicare Part D income-related monthly adjustment amounts. The standard deduction for married couples filing jointly increases to $29,200 and will be. Each with its own escalating monthly premium surcharge. On September 27, 2022, the Centers for Medicare and Medicaid Services (CMS) announced that both the Medicare Part B premium and deductible would decrease in 2023. If inflation runs 0% for the next 11 months, then the IRMAA bracket would be $210,000. Capital gains rates will not change in 2024, but the brackets for the rates will change. In all, my monthly. Maryland: 301-519-8041. 58% inflation rate for Part D. The standard monthly premium for Medicare Part B enrollees will be $174. 94%. Individuals $97,001-$123,000 or couples $194,001-$246,000 paid an additional $68 per month. CMS just announced the updated Part B premiums for 2023. The projected average total Part D beneficiary premium is projected to decrease by 1. MrLoco wrote: ↑ Mon Jan 16, 2023 2:40 pm I have read some of the previous posts on doing Roth conversions beyond the first IRMAA tier to lessen the effects of future RMD's from a TRad. Oct 12, 2023. 7. 80 from $164. 8% from $56. Federal government websites often end in . 60 in 2020. This is an increase of $14 per year from the 2022 Part B deductible. The 2023 bracket increase should be higher than last year, due to inflation. In 2023, with the inflation adjustment to the IRMAA brackets, you will no longer have a Part D or Part B IRMAA payment. The 2024 IRMAA brackets will be based on your 2022 Modified Adjusted Gross Income (MAGI). Both its existence and the "look back", where the 2024 IRMAA will be derived from the 2022 tax return. What are the current IRMAA brackets? The following are the brackets for 2023. 49 in 2023 to $55. 60 for 2020, an increase of $9. 10 a month in 2022. Join Date: Feb 2011. 70 in 2024. They are typically announced in October of the preceding year by the Centers for Medicare & Medicaid Services (CMS). The income brackets for premium adjustments can change annually. Medicare’s Part B standard monthly premium will increase to $174. 90 in 2023. ( Check out the 2023 Part D IRMAA amounts here . It pays to check to see how close you are to possibly being kicked into the next bracket. 90 in 2023. The 2023 brackets won’t be out till this November, but I’m looking for 2024 (since that’s what 2022 income affects). 10 in 2029. 2 The 2023 Star Ratings used for 2024 Quality Bonus Payments (that were made public in October 2022) are, on average lower than the 2022 Star Ratings; while. applicable premium is shown on the right. What if Bob retires halfway through 2023? He may be better off waiting until 2024 to file the adjustment – when he has a full calendar year’s worth of lower income. The Social Security Administration (SSA) determines who pays an IRMAA based on the income reported 2 years prior. 2. News. MenuUSPCC as of March 2023 (ZIP) July 31, 2023 announcement of 2024 Part D National Average Monthly Bid Amount, Medicare Part D Base Beneficiary Premium, Part D Regional Low-Income Premium Subsidy Amounts, Medicare Advantage Regional Benchmarks, and Income Related Monthly Adjustment Amounts Regional Rates and. Today's news ; US ; Politics ; World ; COVID-19 ; Climate changeOn November 12, 2021, the Centers for Medicare & Medicaid Services (CMS) released the 2022 premiums, deductibles, and coinsurance amounts for the Medicare Part A and Part B programs, and the 2022 Medicare Part D income-related monthly adjustment amounts. ) Tax Deduct Retirement Account Contributions; 3. The standard monthly premium for Medicare Part B enrollees will be $148. How Can You Reduce a Medicare Surcharge? With some planning, there are steps you can take to avoid or reduce. However, you can make reasonable estimates 09-19-2022, 06:28 PM #6: SoReady. However, you can make reasonable estimates and give yourself some margin to stay clear of the cutoff points. Meanwhile, investors who are 50 years old or older can contribute up to $8,000 to their IRA in 2024 (up from. The annual deductible for all Medicare Part B beneficiaries will be $240 in.